LDH Growth I, is another SPAC entity that Softbank will take public. The blank check company will be the second this type of entity the Japanese company will host in the short term. The strategy will be right in line with Softbank and its overall approach to investment. It seeks to target technology sectors and ensure that compelling technology-oriented companies float on the public markets. The initial offer will raise $200 million by offering 20 million units at ten dollars per unit.
Potential investors will notice that each unit they purchase will have one common stock component and one-fifth of warrant that one exercise at $11.50. There is an option to raise more funds at a later stage.
LDH Growth I To Leverage Investment Experience
Softbank will work to find the best potential candidate to take public by using years of investment management experience to focus on a valuable private quick growth firm in the Latin American region. Investors can expect Softbank to look for companies in fintech, AI, cloud computing, and other areas.
Investors can find the firm, LDH Growth I, under the ticker LDHAU.
The deal will be lead by the management team at Softbank. Experts expect the deal to see a fair level of interest despite the current choppy markets.